Rebirth of the Financial Crisis Sweeping the World

The next day, June 15th.

After lunch, bored, Wang Guanxi opened the webpage and checked current affairs news.

[General Motors is about to go bankrupt].

Bankruptcy includes bankruptcy liquidation and bankruptcy reorganization.

General Motors of the United States began bankruptcy reorganization in June 2009, and was reborn two years later.

In the future, the U.S. government will become its largest shareholder, with 60.8% of the shares, the United Auto Workers' health insurance trust fund will own 17.5%, the Canadian government will own 11.7% of the shares, and the old General Motors will get 10% of the shares.

The subprime mortgage crisis brought down General Motors.

His rival, Ford, is not having a good time either.

Going to cut a lot of Asian orders.

Wang Guanxi was overjoyed.

"This news is a heavy blow to the auto industry and its suppliers."

"BYD Electronics Group is a supplier of the automotive industry!"

"Likong is here!"

The auto industry is in such a miserable situation. Needless to say, the suppliers of the auto industry have no orders from the upstream industry, or the upstream industry has reduced orders, and the impact is very serious.

And the customers of upstream suppliers are also consumer groups, and the US real estate collapses··

··

At this moment, BYD Auto Group has just held a shareholder meeting, because the global giant auto companies may go bankrupt, plus Ford and Mercedes-Benz are planning to reduce orders.

BYD Auto Group needs cash flow, and cashing out some stocks is a good choice.

BYD Auto Group is the largest shareholder of BYD Electronics Group and intends to cash out some shares.

And Zhong Hewu, the major shareholder of BYD Electronics Group and the controller of Golden Dragon Fund, has already sensed that BYD Electronics Group will have a hard time in the second half of this year.

"This General Motors is a hundred-year-old company, how could it go bankrupt, but it still needs to be taken seriously."

"Next week I will continue to sell the shares of BYD Electronics Group, and I will buy them back next year"

··

At the moment of HSBC International Trust, Jiang Quangang feels that the probability of GM going bankrupt is not high, but it will undoubtedly be a heavy blow to the global auto industry and downstream suppliers of the auto industry.

This BYD Electronics Group is precisely the downstream supplier.

"Open next week, continue to sell shares of BYD Electronics Group"

··

As for the US Fidelity Investment Group (FMR LLC, Hong Kong branch), Si Xiuliang's eyes sank, and he told his assistant: "Starting tomorrow, stop increasing the shares of BYD Electronics Group, and let the stock price fall to a lower position. We will increase our holdings at 3 yuan per share.”

Although he is very optimistic about the prospects of BYD Electronics Group, now is not the time to increase holdings at a high level. If the stock price is low in the future, he will continue to increase holdings. After all, this is a long-term value investment.

"Yes, President"

In the evening, General Motors, Ford, and even BYD Auto Group all brought bad news for BYD Electronics Group's stock price.

Wang Guanxi, Feng Shaokun, Wu Zhanhai, Zhuang Anyong, Zhang Dexi, Chen Tianqing, Hao Yumao... Guo Linhai were all in the open-air restaurant.

There are private receptions here.

Everyone is not interested in the auto industry giant, General Motors going bankrupt, and no one brings the topic to the auto industry.

Feng Shaokun said excitedly: "General Motors is going bankrupt!"

"The global auto industry is going to be depressed."

"Guanxi, tomorrow the stock prices of BYD Auto and BYD Electronics will start to plummet."

Wang Guanxi shorted the shares of BYD Electronics, and this time he will continue to make a lot of money.

"It's okay, I hope." Wang Guanxi smiled.

Wu Zhanhai of Wing Lung Securities,

Hao Yumao from Ping An Fund and Guo Linhai from Guoco Financial Group all bought shares in BYD Electronics.

But they all felt that Feng Shaokun had made a fuss out of a molehill.

So what if it keeps falling?

They just need to make long-term investments. After all, the prospect of BYD Electronics Group is very good.

Zhang Dexi from Catalan Auto Insurance and Chen Tianqing from Asia Financial Holdings did not say anything, after all, they do not hold BYD shares.

At this time Feng Shaokun said again: "Guanxi, this time you said BYD Auto Group, what will the stock price of BYD Electronics Group fall this year?"

Wang Guanxi smiled and said: "It's hard to say. The global auto industry and suppliers in the auto industry are going to be hard-pressed. The stock price will definitely drop by more than 80%."

Feng Shaokun also said: "This is entirely possible, after all, General Motors of the United States is going to go bankrupt."

Wu Zhanhai quickly said: "This is impossible, the editors of these media are purely spreading rumors about GM."

Hao Yumao also said: "This General Motors is the world's largest auto giant, a century-old company, how could it go bankrupt?"

Guo Linhai also echoed, "That's right, General Motors has gone through two world wars, the Great Depression, and multiple economic crises, but it hasn't gone bankrupt. That's nothing."

General Motors was established in 1908, and it has been 100 years now. How many crises have been experienced, and nothing has happened.

"It makes sense"

"impossible"

··

Others suddenly felt very reasonable.

As for the views of Wang Guanxi and Feng Shaokun, no one took them seriously.

Wang Guanxi knew that General Motors went bankrupt and reorganized, and returned a few years later.

But it's true that it's bankrupt.

Now the global auto industry and auto suppliers have been hit.

The stock prices of BYD Auto and BYD Electronics will definitely be in a long-term downturn starting in the second half of this year.

Thinking that he had shorted 14 million shares, Wang Guanxi felt very willful.

The 14 million shares of BYD Electronics Group were all borrowed from Wing Lung Securities, Ping An Fund, and Guoco Financial Group.

Wing Lung Securities borrowed 4 million shares, Ping An Fund borrowed 5 million shares, and Guoco Financial Group borrowed 5 million shares.

This time it was Wang Guanxi who bet against the three of them.

The current situation is not good for the three of them.

Because the share price of BYD Electronics has fallen to 6.00.

There is a floating profit of 42 million Hong Kong dollars in Wang Guanxi's account.

Now that there is another news about BYD Electronics, the three of them are also panicking.

Wu Zhanhai couldn't help but said: "The stock price is so low this time, the American Fidelity Investment Group is probably going to enter the market to buy the bottom of BYD Electronics."

"The last time BYD Electronics fell to the 5.00 position, Fidelity Investment Group of the United States increased its holdings. At that time, the stock price rushed to the 10.00 position"

Hao Yumao and Guo Linhai both thought it made sense.

After all, the US Fidelity Investment Group has been increasing its holdings, just by how much and where.

Although the stocks they hold are trapped, they will definitely be able to untangle them after a long time.

"Come, come, drink some wine" At this time, Zhang Dexi from Catalan Auto Insurance came back with a pinch of wine.

"Okay, let's drink, everyone." Chen Tianqing from Asia Financial Holdings opened a wine pot, poured a glass, and greeted warmly.

So everyone drank wine.